Canara Robeco Equity Tax Saver - Direct Plan - Growth Option is ideally suited for investors who want to generate long-term capital appreciation by predominantly investing in equity and equity-related instruments. This scheme can also choose to invest in money market instruments with a low risk factor in order to meet its liquidity requirements. With an option for Regular and Direct plans, the investment options available under this scheme are namely Growth and Dividend. The Dividend option is further sub-categorised into Dividend payout and Dividend reinvestment options.
Investment Objective of Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
While this investment plan carries a lock-in period of 3 years, the main objective of this scheme is to offer capital appreciation in the long run by primarily investing in equity and equity-related instruments. This scheme also offers investors tax benefits as mentioned under Section 80C of the Income Tax Act, 1961. Please note that the asset management company does not offer assured returns under this scheme.
Key Features of Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
Learn about the important features of Canara Robeco Equity Tax Saver - Direct Plan - Growth Option mentioned in the table below:
|
Type of fund |
An open-ended, equity-linked savings scheme with tax benefit and lock-in period of 3 years |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderately high |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
Check out the table mentioned below to learn about the applicable investment amounts with this scheme:
|
Minimum application amount |
Rs.500 and subsequently in multiples of Re.1 |
|
Minimum additional investment |
Rs.1,000 and thereafter in multiples of Re.1 |
|
Minimum installment for Systematic Investment Plan (SIP) |
|
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
|
|
Entry Load |
Not applicable |
|
Exit Load |
Nil |
Asset Allocation for Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
|
Instruments |
Allocations (Percentage of total assets) |
Risk Profile |
|
Equity and equity-related Instruments |
80% to 100% |
High |
|
Money market instruments |
0% to 20% |
Low |
NAV Disclosure and Benchmark for Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
NAV - It is mandated that the Net Asset Value (NAV) of the units under this scheme should be disclosed to the news agencies, press, and the Association of Mutual Funds of India (AMFI) by the end of every working day. It is required that the asset management company (AMC) shall publish the NAV for each business day in 2 daily newspapers. Furthermore, the NAVs of the units of this scheme should be displayed on the official website of the AMC at www.canararobeco.com and on the AMFI website at www.amfiindia.com by 9:00 p.m. of each business day. In case the NAVs are not available before the start of the next business day for any reason, the mutual fund is required to issue a press release explaining the reasons behind the same and disclosing the expected publication date.
Benchmark Index - The benchmark followed by the Canara Robeco Equity Tax Saver - Direct Plan - Growth Option is S&P BSE 100 TRI.
Canara Robeco Equity Tax Saver - Direct Plan - Growth Option Fund Manager
The fund manager of Canara Robeco Equity Tax Saver - Direct Plan - Growth Option is Ms. Cheenu Gupta who has been handling this scheme since 12 March 2018. With an overall experience of 12 years and deep understanding of the market, she has been offering her expertise to the investors who opt this scheme in order to help them choose the right way they can achieve their investment goals while keeping their specific risk factor in mind.
Why You Should Invest in Canara Robeco Equity Tax Saver - Direct Plan - Growth Option
When you decide to invest in Canara Robeco Equity Tax Saver - Direct Plan - Growth Option, you will be able to generate high returns in the long run by investing in equity and equity-related instruments as well as money market instruments. While this scheme doesn’t carry any entry or exit load, it also offers investors the option to avail the STP, SIP, and SWP plan on a monthly and quarterly basis according to convenience.
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